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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net income $ 13,972 $ 25,292
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,625 31,098
Amortization of deferred commissions 9,624 5,032
Amortization of debt issuance costs 2,255 2,721
Deferred income taxes (24,060) (9,135)
Provision for credit losses and service credits 12,179 11,580
Stock-based compensation expense 11,642 11,191
Other components of net periodic pension cost 3,162 1,986
Loss (gain) on foreign currency exchange rates 1,151 (881)
Non-cash loss from the remeasurement of the indemnification asset 0 10,734
Loss on early extinguishment of debt 6,638 0
Other (3,170) 0
Changes in working capital items, excluding acquisitions:    
Accounts receivable 923 25,075
Contract assets (5,210) 837
Prepaid expenses and other assets (10,614) 10,090
Accounts payable and accrued liabilities 2,428 (38,654)
Other liabilities (21,885) (29,230)
Net cash provided by operating activities 27,660 57,736
Cash Flows from Investing Activities    
Additions to fixed assets and capitalized software (16,230) (14,016)
Acquisition of a business, net of cash acquired 0 (8,897)
Other 0 (217)
Net cash used in investing activities (16,230) (23,130)
Cash Flows from Financing Activities    
Debt issuance costs (5,319) 0
Purchase of treasury stock (499) 0
Other 5,442 3,826
Net cash used in financing activities (10,514) (34,951)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (448) (240)
Increase (decrease) in cash, cash equivalents and restricted cash 468 (585)
Cash, cash equivalents and restricted cash, beginning of period 20,530 18,180
Cash, cash equivalents and restricted cash, end of period 20,998 17,595
Supplemental Information    
Cash paid for interest 24,378 29,592
Cash paid for income taxes, net 13,343 7,419
Non-cash investing and financing activities    
Repurchase of Treasury stock as a result of the settlement of the indemnification asset 0 15,760
Term Loan | Nonrelated Party    
Cash Flows from Financing Activities    
Proceeds from Term Loan 234,256 0
Payments of Term Loan (318,654) (52,500)
Term Loan | Related Party    
Cash Flows from Financing Activities    
Proceeds from Term Loan 109,444 0
Payments of Term Loan (4,339) 0
ABL Facility | Revolving Credit Facility    
Cash Flows from Financing Activities    
Proceeds from ABL Facility 230,079 483,473
Payments of ABL Facility $ (260,924) $ (469,750)